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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 30, 1924
Page
8
Wheat prices rise amid eastern and foreign buying while reports of beneficial rains and a Liverpool decline influence early trading. July and September futures edge higher as corn and oats show smaller gains and cash quotes shift in Minneapolis grain markets.
Trading was sluggish with total volume 425100 shares the smallest of the year. Oil shares fell on weak production data while Pan American issues led a late rally. Several high priced issues set year highs but many inactive stocks hit new lows.
Market review notes a slight uptick in crude production and April stock gains fail to lift overall markets. Proponents warn of heavy short interest and prodding rumors about copper mergers, while rails and steel stocks retreat on expected lease costs. Omaha hogs, cattle, and sheep prices move with varied shifts for the week.
The Associated Press reports butter steady in New York with steady receipts and egg storage activity. fresh gathered and poorer grades shown at 24 to 24.5 cents. Cheese supplies arrive, with price ranges for state whole milk flats and average runs. Chicago notes butter rising with creamery extras around 38.5 to 38.75 cents and various grade prices. eggs show unchanged receipts at 16,553 cases.
In New York on May 29 refined sugar prices held at 6.70 to 6.85 cents for fine granulated. Refined futures remained nominal. Sugar futures closed irregular with about 40,000 tons sold. July at 0.62, September 2.76, December 3.26 cents per pound.
Potatoes firm on old stock with about steady prices for new receipts. United States shipments reach 735 cars. Wisconsin sacked round whites priced at 1.45 to 1.60 dollars bulk 1.50 to 1.64. New stock includes Alabama sacked Triumphs No 1 at 2.35 to 2.60 and Louisiana Bliss Triumphs No 1 at 2.16 to 2.35.
The Associated Press reports in New York on May 29 that call money eased to 2 percent with a closing bid of 2 percent and offers at 3 percent while time loans remained steady. Fast loans also at 2 percent with call loans against acceptances at 2 percent. Prime commercial paper quoted around 4% with short terms from 60 to 90 days at 4 percent.
By the Associated Frees. New York May 29 bar silver 66 1 2 cent Mexican dollars 60 cent Don May 9 bar silver bid per ounce money 2 percent.
Chicago hog receipts reach 28 000 with weighty desirable grades and gains up to 15 25 cents for light weights. Killing pigs and sow prices rise. cattle and sheep receipts also noted with higher bids for better grades. Spokane market lists steady cattle and hogs with mild shifts. metal markets show copper, tin, zinc steady with minor changes.
Vealers and stockers and feeders show a dull week with prices about 25 cents lower. Other classes remain about steady as buyers pass on several lines.
South St Paul market data shows cattle receipts around 2500 with mixed quality and prices for fat cattle. hogs receipts near 10000 with higher price trend for desirable hogs. sheep receipts about 100 with steady to strong demand. Prices highlight steer and yearling ranges, butcher hogs, packer hogs, and lamb values.
Hogs receipts reach 2400 with bids mostly 6 to 10 cents higher, top loads at 7.05 and mid to high quality 190 to 250-pound hogs around 6.85 to 7.00. Cattle receipts near 1000 with steers around 10 dollars for good weight, heifers at 7.15, cows 5.50 to 6.50, calves weak. Sheep receipts 1800 with clipped lambs at 13.75 and 93-pound loads at 13.60, Arizona ewes and spring lambs offered.
Cattle and calves slow and weak with receipts of 225. Heifers 859 pounds bring 6.75 to 7.25. Hogs slow to 250 lower with receipts 100. heavy 250-350 pounds 7.25. medium 200-250 pounds 7.40 to 7.50. light 160-200 pounds 7.40 to 7.65. lightest 130-169 pounds 7.40 to 7.65. Sheep and lambs steady with receipts 290. lambs 84 pounds down, medium to prime 7.50 to 9.25.
London metals report shows spot and futures prices for copper tin lead zinc and electrolytic copper with values in pounds shillings and pence. Copper spot £61 12s 6d futures £62 16s tin spot £20601 2s 6d futures £199 7s 6d lead spot 130 Ts 6d futures £28 16s zinc spot £31 2s 6d futures £31.
Minneapolis Ma 29 flour unchanged Bran price listed at 17 18 for the day. Market notes show stable grain futures with bran trading firm at the quoted level.
Foreign exchange markets show easy quotations in cents with Great Britain demand at $4.30 per pound.
The Commercial Bulletin reports dull business in Boston wool trading with buyers cautious and prices easing. Regional quotes cover delaine and combing fleeces from Ohio to New England, with scoured values across Texas California Oregon and Montana and mohair prices steady to firm on demand.
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